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Blog Taxes

Follow the Money

April 05, 2019
The NYS Adopted FY 2020 Budget directs three revenue sources to support the MTA. This blog clarifies what the revenue streams are and how they will flow to the lockbox.
Podcast episode City Budget

Episode 71: 1,112,975, with Dr. Mitchell Katz

April 04, 2019
1,112,975 is the number of unique patients served by NYC Health + Hospitals in FY 2018. H+H is under fiscal pressure and projects cash loses in future years. Dr. Mitchell Katz joined the podcast to discuss his transformation plan to improve H+H's fiscal stability.
Podcast episode City Budget

Episode 70: $175.5 billion

April 02, 2019
$175.5 billion, the size of the NYS Budget for FY 2020 enacted by the Legislature. The budget includes several notable policy changes, such as funding and new reforms at the MTA. CBC's David Friedfel and Patrick Orecki discuss the key takeaways.
Video Transportation

CBC Report on NYC Ferry and Subsidies

March 30, 2019
According to a CBC report, the number of NYC Ferry passengers for all of last year is less than the number of passengers who ride NYC subways in just one day. Mayor de Blasio defends the ferry service & says it’s a long-term investment.
Video State Budget

Finalizing Tax Proposals for the State Budget

March 28, 2019
NY1 looked at education, congestion pricing and criminal justice and taxes and the proposal for five year extension of the millionaire's tax, CBC President Andrew Rein joined to help unpack the proposed budget.
Report Transportation

Swimming in Subsidies

March 28, 2019
NYC Ferry serves more than 4 million passengers at a high level of operating subsidy: $10.73 per ride, 10 times that of the New York City Transit.
Press Release Transportation

CBC Releases "Swimming in Subsidies"

March 28, 2019
CBC today released “Swimming in Subsidies,” a comprehensive report detailing the high operating subsidy for the NYC Ferry service.
Podcast episode City Budget

Episode 69: 5, with Alicia Glen

March 26, 2019
5 is the number of years Alicia Glen was the Deputy Mayor for Housing and Economic Development under Mayor Bill de Blasio. She joins the podcast to reflect on her tenure as Deputy Mayor, the state of the city in 2014, where it stands now, and where it should be heading.
Podcast episode City Budget

Episode 68: 202, with Polly Trottenberg

March 21, 2019
202 is the number traffic related fatalities in NYC in 2018, a record low. NYC DOT Commissioner Polly Trottenberg joined the podcast to discuss the success of Vision Zero, her approach to managing city transit, and her role on the MTA Board.
Blog State Budget

NYS Revenues in a Recession

March 19, 2019
New York State revenue weakness already looms over the fiscal year 2020 budget negotiations.
Podcast episode City Budget

Episode 67: 4.7 mph, with Nicole Gelinas

March 14, 2019
4.7 mph is the speed at which taxis travel in Midtown Manhattan. Nicole Gelinas, a Senior Fellow at the Manhattan Institute, joins the podcast to discuss traffic, mobility, and the MTA.
Blog Taxes

Pied-à-Terre Tax

March 13, 2019
The pied-à-terre tax is appealing politically because it is levied on wealthy people with means to pay and nonresidents who do not vote. Nevertheless, it is problematic for several reasons.